secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2026-05-12T21:27:29+00:00
Accession:  0000845877-26-000096
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmer Mac prices $100M of 6.875% Series I preferred stock, net ~$97M
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- Offering of 4M shares at $25 par, 6.875% non-cumulative perpetual preferred, net proceeds ~$97M.
- Fixed dividend 6.875% p.a., payable when declared; redeemable at option after July 17, 2031.
- Expected to close May 19, 2026; listed on NYSE under symbol AGM PRI.
- Proceeds for general corporate purposes; Morgan Stanley sole book-runner, RBC and Wells Fargo co-managers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587726000096/0000845877-26-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587726000096/agm-20260512.htm
  HTML page:      https://secwatch.observer/filing/0000845877-26-000096

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer